Solved: The 2ndtd is for 125000 75 interest 3015 and the 3rd td is, Finance Basics

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The 2ndtd is for 125000 75 interest 3015 and the 3rd td is

The purchase price is $375,000 and the seller will carry all of the financing. The 1stTD is for $225,000 @ 6.0%, 30/30. The 2ndTD is for $125,000 @ 7.5% interest, 30/15 and the 3rd. TD is for $25,000 @ 9.0% interest only for 5 years. You are to work up the payment for all 3loans. Plus, what would the "effective" interest rate be for these loans?

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Finance Basics: The 2ndtd is for 125000 75 interest 3015 and the 3rd td is

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Finance Basics: The 2ndtd is for 125000 75 interest 3015 and the 3rd td is

Reference No:- TGS01396051

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